One would hope it is a reasonable cash up-front deal because these guys are running seriously short on cash according to their last 4C lodged the other day. A burn rate of $1.2m per quarter with $1.2m in the bank. Cutting it a bit fine in my books.
If this doesn't produce up-front cash I can see another capital raising coming through.
Thoughts?
One would hope it is a reasonable cash up-front deal because...
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19.0¢ |
Change
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Mkt cap ! $886.5M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $142.7K | 751.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 204334 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 345272 | 11 |
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